A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five years. Find the rate of simple interest per annum.

A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five y

1.	A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five years. Find the rate of simple interest per annum.
A.	16%
B.	12%
C.	8%
D.	10%
E.	18%
Answer» C. 8%

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A sum of money amounts to Rs. 2480 in two years and Rs. 3200 in five years. Find the rate of simple interest per annum.

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